Economists agree that
a. neither high inflation nor moderate inflation is very costly.
b. both high and moderate inflation are quite costly.
c. high inflation is costly, but they disagree about the costs of moderate inflation.
d. moderate inflation is as costly as high inflation.
c
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Economic growth in Cuba has been slow. What can best explain the slow growth?
A) lack of incentive mechanisms and economic freedom B) lack of economic resources C) labor productivity is low. D) too much competition within the economy E) a non-democratic form of government
How does the owner of a sole proprietorship relate to the business?
A) The assets of the owner are considered separate from the assets of the business. B) The owner and the business are not separate legal entities. C) The owner and the business are separate legal entities. D) None of these describe the legal relationship of the owner to the business.
The existence of an inflationary gap would tend to benefit most
A. bankers. B. retired persons. C. unemployed workers. D. stock owners.
Limited government licenses that create a monopoly do so because
A) the license generates a marginal cost advantage. B) the monopoly will become a natural monopoly. C) a barrier to enter the market exists. D) All of the above.